FXOpen
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
- Monday morning blues as EY forecast worse UK recession than expected
- Natural gas fell by 50% in 1 month
- Big Tech woes lead to layoffs, resulting in stock surge
- TSLA. Report reassures investors
Watch our short and informative video, and stay updated with FXOpen.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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AUD/USD Rises Sharply on Inflation News
The Consumer Price Index for Australia was released this morning. According to ForexFactory:
→ CPI in quarterly terms: actual = 1.0%, expected = 0.8%, previous value = 0.6%;
→ CPI in annual terms: actual = 3.5%, expected = 3.4%, previous value = 3.
TSLA Share Price Up About 13% Despite Disappointing Report
Yesterday, TSLA trading closed at USD 144.68 per share, after which Tesla reported its results for the 1st quarter:
→ earnings per share: actual = USD 0.45, forecast = USD 0.49;
→ gross income: actual = USD 21.45 billion, forecast = USD
Market Analysis: Gold Price Corrects Gains While Oil Price Regains Strength
Gold price rallied above $2,400 before correcting lower. Crude oil price is rising and it could climb further higher toward the $85.50 resistance.
Important Takeaways for Gold and Oil Prices Analysis Today
· Gold price rallied significantly above $2,